The ASX200 closed down 0.47% at 8,353.6 points.
The Aussie index traded at its lowest level in two weeks as investors locked-in profits for the second consecutive day.
The Australian dollar has fallen to $0.638 as traders price in a sooner than expected RBA rate cut – it may now be as early as February.
The Information Technology sector has been the worst performer, down 1.35%, followed by Industrials and Energy, both down 1%, and Utilities, down 0.7%.
Real Estate is the best performing sector, up 0.8%, followed by Discretionary, up 0.1%.
WA1 Resources (ASX:WA1) closed up 10.88% despite no news out of the niobium explorer. But the company recently reported excellent drilling results from initial variability testing at its Luni deposit.
WA1 Resources closed at $16.10.
Island Pharmaceuticals (ASX:ILA) closed up 13.33% after being granted a U.S. patent. Designed to inhibit viral activity, the patent targets the dengue virus.
Island Pharmaceuticals closed at 17 cents.
Titomic (ASX:TTT) closed up 5.56% on news it has now successfully co-developed and sponsored a new cold spray standard for aerospace with SAE International. The company says the spray positions the company to capitalise on a range of U.S. Government opportunities.
Titomic closed 19 cents.
South32 (ASX:S32) closed down 4.35% on release of an update on its Mozal Aluminium operation in Mozambique. The company says due to escalating civil unrest, the transport of raw materials been impacted.
South32 closed at $3.52.
Domino’s Pizza (ASX:DMP) closed down 2.34% after broker Citi released a note downgrading the stock to a neutral rating with a reduced-price target of $33.25. Citi revised the rating after lowering its estimated value of the company’s European operations.
Domino’s closed at $30.52.
Pilot Energy (ASX:PGY) closed down 16.67% after securing commitments for $2M in convertible notes from sophisticated investors. The funding arrangement was arranged by Powerhouse Advisory Australia.
Pilot Energy closed at 1 cent.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.